- Offshore Seychelles
- Knowledge
- Why the Seychelles for your company
Why the Seychelles for your company
A modern company law, taxation only of income earned in the Seychelles, registers that are not open to the public and one of the fastest formations worldwide. Here is what that means in practice, and where the limits are.
The Seychelles at a glance
- 24 to 48 hRegistration after your documents are complete
- 1 + 1One director and one shareholder are enough
- 0 %Tax on trading income earned outside the Seychelles
- 1.999 €Per year from the second year, all fees included
- GMT+4Two to three hours ahead of central Europe
- EnglishLanguage of law, business and the authorities
Six reasons that count
- 1
A modern company law
The International Business Companies Act, 2016 replaced the act of 1994 and has been updated regularly since. It is clear, short and written in English. You can read every section on this site.
Read more → - 2
Taxation by source
The Seychelles taxes income that arises in the Seychelles. An IBC that trades only abroad pays no tax there. Passive income such as dividends or interest from abroad is only exempt if the company has enough substance.
- 3
Registers that stay private
Directors, shareholders and beneficial owners are recorded with the registered agent and, where the law requires it, with the Registrar. None of these registers is open to the public.
- 4
Little running effort
No minimum capital to pay in, no annual general meeting on site and no audit for ordinary companies. What the law does ask for every year is short and we prepare it with you.
- 5
Fast and fully online
You never have to travel. Identity and address are proven with documents, and the company is usually registered within two working days.
- 6
A stable, respected jurisdiction
A presidential republic with a mixed legal system of English common law and French civil law, an independent judiciary and a financial regulator, the Financial Services Authority (FSA).
Facts about the country
| Location | Indian Ocean, about 1,500 km east of the African mainland, 115 islands |
|---|---|
| Capital | Victoria, on the main island of Mahé |
| Population | about 120,000 |
| Official languages | English, French and Seychellois Creole; business is done in English |
| Currency | Seychelles rupee (SCR); companies may hold accounts in any currency |
| Time zone | GMT+4, no daylight saving time |
| Legal system | Mixed system of English common law and French civil law |
| Company regulator | Financial Services Authority (FSA), Registrar of International Business Companies |
| Dialling code and domain | +248 and .sc |
Privacy: what it means today
The registers of a Seychelles IBC are kept by its registered agent and filed with the Registrar where the law requires it, for example the register of directors (section 152). None of these registers is open to the public.
Privacy does not mean secrecy towards the authorities. Like almost every financial centre, the Seychelles exchanges tax information with other countries under international agreements, and banks report accounts automatically under the OECD Common Reporting Standard. In January 2026 the OECD Global Forum rated the Seychelles largely compliant, and in February 2026 the EU removed the Seychelles from its list of jurisdictions under observation.
For you this means: your company is invisible to competitors, customers and curious neighbours, and fully legal towards your own tax office as long as you declare it there.
The sections behind this page
Questions about the Seychelles
Is the Seychelles on a blacklist?
No. The EU removed the Seychelles from its list of non cooperative jurisdictions and, in February 2026, also from the list of jurisdictions under observation. The OECD Global Forum rates the Seychelles largely compliant.
Do I have to live in the Seychelles?
No. Neither you nor any director or shareholder has to live in the Seychelles or ever travel there.
Can anyone see who owns my company?
No. The registers are not public. Authorities can obtain information under the law and international agreements, the public cannot.
What does the company cost every year?
From the second year 1.999 € per year, with the government fee, the registered agent and the registered office included. A nominee director costs 3.999 € per year.
More details
No data to third parties, this is regulated by the constitution of the Seychelles
More than 200,000 offshore companies founded in the last 20 years
OECD white listed, invoices of your company are accepted worldwide
Why Seychelles is the right jurisdiction for you?

No data to third parties, more than 200,000 offshore companies, OECD whitelisted
Seychelles is a multi-party democratic republic with an independently elected President heading the executive branch and a National Assembly consisting of 33 democratically elected representatives.
- Location: between 4 and 10 degrees south of the equator in the Indian Ocean
- About 1,500 km from the east coast of Africa
- Time zone: GMT+4
- Population: approximately 100,000 (2026)
- Capital: Victoria
- Airport: Seychelles International Airport
- Language: English, French and Creole are official languages, although English is the main language of business.
- Political system: Democratic Republic
- International dialling code: +248
An International Business Company (IBC) of Seychelles is the most versatile and flexible way of setting up a business, worldwide. Similar to other offshore countries, the Seychelles IBC is well known and popular for its international use and operational capability.
While many other overseas jurisdictions have directories of directors, shareholders. UBO and shareholders, Seychelles allows absolute anonymity through a non-public register and a constitutionally clear privacy policy. Furthermore, the free movement of companies in Seychelles in terms of exemption from any accounting obligations and also the fact that no annual audits are required goes far beyond the usual scope of offshore companies out.
Since the introduction of the Seychelles International Business Companies Act in 1994, over 200,000 companies were incorporated in Seychelles. The number of new registrations per month is more than 1000 and should: "why Seychelles?", answer.
- Mehr als 200.000 Offshore Gesellschaften Nur ein Direktor oder Aktionär erforderlich Ein IBC der Seychellen kann Eigentümer von Flugzeugen und Schiffen werden, die auf dem Archipel registriert sind. Das bedeutet, dass beispielsweise auch Schiffs- und Yachteigner anonymisiert sind Niedrige Gründungskosten, sowie niedrige jährliche Subsequent costs 100% tax exempt. A large number of tax treaties with many countries allows the transfer of profits to the Seychelles and taxation at 0%. International free trade zones. No corporate tax. No obligation to hold annual meetings. No accounting obligation. Company Registry information is not publicly accessible. Anonymity is absolutely guaranteed! Asset preservation. Regarded and respected worldwide as an offshore jurisdiction. The laws on freedom of establishment enable global operations and the best possible development. No data exchange agreements with third countries. 46 double taxation agreements valid according to OECD standards. No shareholder or director data is publicly accessible. No controls on free foreign exchange trading. English is the business language. The population has a high level of education and is consistently at least bilingual in English/French.
- The Seychelles are OECD-whitelisted
Based on the internationally agreed tax standard, the OECD has formulated "white", "grey" and "black" lists: White List: Jurisdictions that have implemented the internationally agreed tax standard, i.e. are not considered tax havens by the OECD. Grey List: Jurisdictions that are committed to the internationally agreed tax standard but have not yet substantially implemented it, i.e. may meet some of the above mentioned tax haven criteria. Black List: Jurisdictions that are not bound by the internationally agreed tax standard, i.e. the jurisdiction has taken no steps to cooperate with the OECD in implementing the standard. - Einfache Verwaltung Keine Verpflichtung zur Erstellung oder Hinterlegung von Jahresabschlüssen Keine Pflicht zur Bestellung eines Wirtschaftsprüfers, keine Steuerprüfung Keine Bilanzierungspflicht Die Seychellen verzichten auf laufende Buchhaltung.
Only since 01.04.2012 has the simplified obligation to keep documents at the place of administration applied. The minimum capital does not have to be paid in. There is no obligation to attend general meetings Favourable, ongoing costs Tax advantages Discretion and asset protection
An overview for the IBC of Seychelles
| Seychelles Income Tax and Company Tax | None |
| Doing business internationally | Permitted |
| Doing business within the Seychelles | No |
| IBC formally considered as resident in Seychelles | Yes |
| Official language / Language of documents | English |
| Standard capital | USD 100,000 |
| Adaptable capital | Yes, from USD 100 to USD 100,000 |
| Minimum paid in capital | No deposit required |
| Bearer shares | Not allowed |
| Minimum number of directors | 32 |
| Minimum number of members (shareholders) | 32 |
| Non resident directors | Permitted |
| directors of companies | Permitted |
| Registered agent and address in Seychelles | Required |
| register of directors | Available, but not publicly viewable |
| register of members | Not available |
| Register of Members filed for public record | No |
| Disclosure of beneficial owners to the Registrar | No |
| Disclosure of beneficial owners to the registered agent | Yes |
| Holding of the Annual General Meeting | Not required |
| Directors / Members Meeting | Worldwide, also possible online |
| Company minutes and resolutions | Yes and to be kept at the place of the Director |
| Company seal | Not required |
| Retention of accounting records | Required |
| Annual accounts | Not required |
| Accounting | Not required |
| Access to double taxation agreements | Not required |
| Subject to currency controls / restrictions | No |
| Resettlement of a foreign company in the Seychelles | Yes |
| Resettlement of a Seychelles company abroad | Yes |
Things to know about the Seychelles
History
The Seychelles Islands were first seen by Arab traders around 850 AD and later visited by Portuguese traders with Vasco da Gama around 1502. In 1742, the French captain Lazare Picault finally discovered the Seychelles. The first settlements were established in the Seychelles around 1770, when the islands were then settled by the French. The first permanent settlers came from France, Africa and India.
From the beginning, Seychelles has been a melting pot of different ethnicities, religions and traditions, which lives on today in the "Creole spirit". The Seychelles remained a French territory until it was later ceded to Great Britain after the Treaty of Paris in 1814. In 1903, the Seychelles were granted British Crown status. Seychelles remained part of the British Empire until 1976, when it gained independence. Seychelles remains a member of the Commonwealth of Nations.
Government
Seychelles is a member of the United Nations, the African Union, the Commonwealth of Nations and the Francophonie. Seychelles is also a member of the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC).
- Tax base for locals/residents: territorial (i.e. the tax is levied only on 'accessible income', i.e. income derived from Seychelles).
- Business tax for local companies, not Offshore3-33% (up to Rupee 1 million p.a. only 3%)
- Personal income tax: 15% (effectively a payroll tax as it is only levied on remuneration paid by companies in Seychelles)
- Capital gains tax: 0%
Seychelles is in good standing with international regulatory bodies such as the OECD's Global Tax Forum and the Financial Action Task Force. Seychelles is committed to the OECD Base Erosion and Profit Shifting (BEPS) initiative. Seychelles is an early adopter of the OECD Common Reporting Standard (CRS) and has entered into a Model 1 Inter Governmental Agreement (IGA) with the US for FATCA.
Economy
The main economic drivers in Seychelles are tourism, fishing and financial services (i.e. banking, business services, trust services, securities, etc.). Gross Domestic Product (nominal) in 2019 was approximately $1.65 billion or just over $17,127 per capita, ranking Seychelles 53rd in the world and 1st in Africa out of 54 countries, surpassing even oil-rich Equatorial Guinea.
GDP growth in 2019 was 3,57%.
Status: 2026
Climate
The climate is warm all year round and usually stays between 24 and 32 degrees Celsius. With the exception of the southernmost islands, all the islands are outside the cyclone belt, which means that the country is spared the destruction caused by hurricanes / cyclones and tornadoes that often sweep across the Caribbean jurisdiction or Mauritius, for example.
The Republic of Seychelles is an independent country located on the Seychelles microcontinent in the Indian Ocean as an archipelago of 115 picturesque islands in the world. Seychelles covers an economic zone of about 1.4 million km2. 41 of these islands, including the largest island of Mahe, are the oldest mid-ocean granite islands in the world, and the rest are coral islands. The Seychelles plateau and inner islands were once part of the Gondwana supercontinent.
Telecommunications
Seychelles leads the African Union in internet speed. The main island of Mahe is connected to more than one major submarine cable network off the coast of East Africa via an undersea fibre optic cable link.
The main telecommunications companies in Seychelles are Cable and Wireless and Airtel.
Seychelles has an advanced 4G wireless infrastructure. Most businesses are connected by fibre optic cable. By 2020, the entire main island of Mahe, every home and every business will be connected by fibre optic cable.
5G will also be available from 2020.
Airlines
From the Seychelles, with just two connecting flights, there is access to almost every major city in the world.
The country has its own airline, Air Seychelles, which is jointly owned by the Seychelles government and Etihad Airlines, the operator.
Other major airlines with the most flights to Seychelles are Emirates and Qatar Airways, both of which fly daily. Other airlines that fly to Seychelles are Condor, Edelweiss, Air France, British Airways, Qantas, Turkish Airlines, Jet Airways, South African Airways, Austrian Airlines, Ethiopian Airlines, Sri Lankan Airlines and Kenya Airways.
More about the Seychelles can be found at: Seychelles.com
Ready for your company in the Seychelles?
Formation from 2.999 €, registered in 24 to 48 hours, first year included.
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